Provident Financial Services Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 13 out of 397 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 24.60.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Provident Financial Services Inc is 8.81, ranking 52 out of 397 in the Banking Services industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 214.36M, representing a year-over-year increase of 10.08%, while its net profit experienced a year-over-year increase of 71.94%.
Key Metrics
The current valuation score of Provident Financial Services Inc is 7.82, ranking 185 out of 397 in the Banking Services industry. Its current P/E ratio is 10.66, which is 101.91% below the recent high of 21.52 and 39.61% above the recent low of 6.44.
The current earnings forecast score of Provident Financial Services Inc is 8.50, ranking 38 out of 397 in the Banking Services industry. The average price target is 23.00, with a high of 23.50 and a low of 22.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Provident Financial Services Inc is 9.49, ranking 54 out of 397 in the Banking Services industry. Currently, the stock price is trading between the resistance level at 25.35 and the support level at 20.84, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Provident Financial Services Inc is 7.00, ranking 57 out of 397 in the Banking Services industry. The latest institutional shareholding proportion is 73.55%, representing a quarter-over-quarter increase of 1.60%. The largest institutional shareholder is The Vanguard, holding a total of 14.21M shares, representing 10.88% of shares outstanding, with 0.52% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Banking Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Provident Financial Services Inc is 8.25, ranking 107 out of 397 in the Banking Services industry. The company's beta value is 0.84. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
